<div id="readability-page-1"><p><span>Shoals Technologies Group (NASDAQ:SHLS - Get Free Report)</span>'s stock had its &#34;equal weight&#34; rating reiterated by stock analysts at Morgan Stanley in a research note issued on Tuesday,Benzinga reports. They presently have a $9.50 price target on the stock, down from their prior price target of $11.00. Morgan Stanley's price objective suggests a potential upside of 9.57% from the company's current price.</p><ul><li>Got Solar? How You Can Play The Industry's Value Chain Perfectly</li></ul><p>Several other analysts have also issued reports on the stock. Wells Fargo &amp; Company boosted their target price on shares of Shoals Technologies Group from $6.00 to $10.00 and gave the company an &#34;equal weight&#34; rating in a research report on Thursday, November 6th. UBS Group upped their price target on Shoals Technologies Group from $9.00 to $12.00 and gave the stock a &#34;buy&#34; rating in a research report on Wednesday, November 5th. Needham &amp; Company LLC began coverage on Shoals Technologies Group in a research report on Wednesday, October 22nd. They set a &#34;buy&#34; rating and a $12.00 price objective on the stock. Roth Capital  reiterated a &#34;buy&#34; rating and set a $15.00 price objective (up from $10.00) on shares of Shoals Technologies Group in a research note on Wednesday, November 5th. Finally, Barclays upgraded shares of Shoals Technologies Group from an &#34;equal weight&#34; rating to an &#34;overweight&#34; rating and raised their target price for the stock from $7.00 to $10.00 in a research note on Thursday, October 2nd. Twelve equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued  a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of &#34;Hold&#34; and a consensus target price of $8.76.</p><p><b>Read Our Latest Stock Report on SHLS</b></p><h2>Shoals Technologies Group Trading Down 2.0%</h2><ul><li>Generac Powers Up as Summer Temperatures Rise</li></ul><p>NASDAQ:SHLS opened at $8.67 on Tuesday. The company has a 50 day simple moving average of $9.03 and a two-hundred day simple moving average of $7.05. The company has a market cap of $1.45 billion, a PE ratio of 43.35, a price-to-earnings-growth ratio of 1.10 and a beta of 1.71. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.21. Shoals Technologies Group has a 12 month low of $2.71 and a 12 month high of $11.36. </p><p>Shoals Technologies Group (NASDAQ:SHLS - Get Free Report) last announced its earnings results on Tuesday, November 4th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. Shoals Technologies Group had a return on equity of 8.50% and a net margin of 7.66%.The business had revenue of $135.80 million for the quarter, compared to analysts' expectations of $131.37 million.  Research analysts forecast that  Shoals Technologies Group will post 0.29 earnings per share for the current year. </p><h2>Insider Transactions at Shoals Technologies Group</h2><ul><li>MarketBeat Week in Review – 5/8 - 5/12</li></ul><p>In related news, CFO Dominic Bardos sold 4,170 shares of the business's stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $7.83, for a total value of $32,651.10. Following the transaction, the chief financial officer directly owned 412,289 shares of the company's stock, valued at approximately $3,228,222.87. The trade was a 1.00% decrease in their position. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which is accessible through this link. Company insiders own  1.67% of the company's stock. </p><h2>Institutional Investors Weigh In On Shoals Technologies Group</h2><p>Several institutional investors and hedge funds have recently modified their holdings of SHLS. Encompass Capital Advisors LLC bought a new position in shares of  Shoals Technologies Group during the second quarter worth $56,120,000.  Wellington Management Group LLP lifted its stake in  Shoals Technologies Group by 51.9% in the 1st quarter. Wellington Management Group LLP now owns 21,615,890 shares of the company's stock worth $71,765,000 after purchasing an additional 7,382,548 shares in the last quarter.  Peconic Partners LLC boosted its holdings in shares of  Shoals Technologies Group by 79.8% during the 2nd quarter. Peconic Partners LLC now owns 6,975,186 shares of the company's stock valued at $29,645,000 after purchasing an additional 3,095,186 shares during the last quarter.  T. Rowe Price Investment Management Inc. bought a new position in shares of  Shoals Technologies Group during the 1st quarter valued at about $7,712,000.  Finally, Amundi grew its position in shares of  Shoals Technologies Group by 858.2% during the third quarter. Amundi now owns 2,099,053 shares of the company's stock valued at $15,830,000 after purchasing an additional 1,879,985 shares in the last quarter. </p><h2>Shoals Technologies Group Company Profile</h2> (Get Free Report)<p>Shoals Technologies Group, Inc provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Shoals Technologies Group</li><li>Are Penny Stocks a Good Fit for Your Portfolio?</li><li>Unassuming Evergy Energy: The AI Boost Your Income Portfolio Needs</li><li>Stock Sentiment Analysis: How it Works</li><li>Pfizer Adds to Its Big Bet on Weight Loss Drugs</li><li>Conference Calls and Individual Investors</li><li>ServiceNow’s $7 Billion Gamble: Panic or Opportunity?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U0hMUw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U0hMUw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Shoals Technologies Group Right Now?</h2><p>Before you consider Shoals Technologies Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shoals Technologies Group wasn't on the list.</p><p>While Shoals Technologies Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SHLS

<p>Morgan Stanley reiterated an "equal weight" rating for Shoals Technologies Group (NASDAQ:SHLS) and lowered the price target from $11.00 to $9.50, indicating a potential upside of 9.57%. Other analysts have varied ratings, with some upgrading to "buy" and setting higher price targets. The stock has a consensus rating of "Hold" and a target price of $8.76. Shoals Technologies Group's recent earnings met expectations, and the company has seen significant institutional investment.</p>

Shoals Technologies Group (NASDAQ:SHLS) Earns "Equal Weight" Rating from Morgan Stanley